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Subsequent Events | 6 Months Ended
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Jun. 30, 2026
Subsequent Events [Abstract] |
Subsequent Events | Subsequent Events On July 24, 2026, LFS, LHLLC, and certain other designated parties entered into a Third Amendment to the Second Amended and Restated Wintrust Credit Agreement (the “Third Amendment”) with Wintrust, as administrative agent. The Third Amendment provides for, among other things, (i) an increase in the aggregate principal amount of the senior secured revolving credit facility from $100.0 million to $125.0 million, (ii) a reduction in the applicable margins for Term SOFR and Prime Rate revolving loans based on the Borrower’s Senior Leverage Ratio, and (iii) revisions to certain defined terms to reflect updated operational and financial provisions. The Third Amendment also includes other conforming and related changes in connection with the foregoing amendments. On August 4, 2026, the Company completed an acquisition of Frisco, Texas-based professional services firm, CYMCOR, Inc. (“CYMCOR”), for a purchase price at closing of $30.0 million, which was funded through a combination of available cash and borrowings under the Company’s recently expanded revolving credit facility. The purchase price is subject to customary working capital adjustments. CYMCOR is a professional services firm specializing in program management, commissioning oversight, and strategic consulting for hyperscale, colocation, enterprise, and mission-critical data center clients. CYMCOR partners directly with owners to plan, coordinate, and deliver complex projects throughout the facility lifecycle, building long-term relationships through a highly technical, service-oriented approach. The acquisition expands the Company’s professional services platform and strengthens the Company’s position within the rapidly growing data center market. At the time of this filing, the initial purchase price allocation has not been presented as the Company is still in the process of gathering and evaluating the necessary information required to complete the valuation of the acquired assets and liabilities. Accordingly, the preliminary allocation of the purchase price to the identifiable assets acquired and liabilities assumed is not yet available. The Company will provide the required disclosures, including the preliminary purchase price allocation, in a future filing once the necessary information becomes available.

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- Definition The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 855 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/855/tableOfContent Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 855 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147483399/855-10-50-2 + Details
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